Trading

Commodities

Trade Commodity CFDs

At Global Prime, we spend a great deal of time and effort to ensure our pricing is sharp across all our products. To do this, we use a combination of liquidity providers to derive a super sharp price across our range of Metals and Commodity CFD products and regularly review our pricing against our peers to ensure you're getting the best price all day every day.

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Benefits of Trading Commodities

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Transparent Markets

Commodity prices are influenced by clear market factors like production, demand, weather and inventory levels.

Driven by global supply and demand

Transparent Markets

Portfolio Diversification

Add exposure to markets that often move differently to shares, helping diversify your trading portfolio.

Lower stock correlation

Portfolio Diversification

Inflation Protection

Commodities may help protect against the effects of inflation and changing market conditions.

Hedge against rising prices

Inflation Protection

Lower Trading Costs

Trade popular commodities without needing to buy or store the physical asset.

Cost-effective commodity access

Lower Trading Costs

What is Commodities Trading?

Commodities trading is when you buy or sell a Commodity such as gold to make a profit. Our Commodities offering covers 18 of the biggest markets, including metals such as gold and silver, energies such as oil and natural gas, and soft commodities like corn and wheat.

Commodities are popular with traders due to their trending nature and sometimes rapid moves resulting from geopolitical and economic risks and uncertainty, as well as sudden dramatic shifts in supply and demand. Check our Market hours for open/trading hours across all of our products.

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Commodities

Frequently Asked Questions

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What is commodities trading?

The Commodities markets such as Gold and Oil are popular with traders due to their trending nature and sometimes rapid moves resulting from geopolitical and economic risks and uncertainty, as well as sudden dramatic shifts in supply and demand. This potential for high volatility and large price moves combined with 24/5 trading, and generous trading conditions, has made the commodities market a place of risk and reward for the advanced trader.

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How does commodity CFD trading work?

Trading commodity CFDs with Global Prime is very much like trading FX. Instead of buying or selling an amount of base currency against a counter currency, you are buying or selling a number of units of a commodity against the US dollar. For example, one contract of XAUUSD is 100 ounces of Gold while one contract of XTIUSD is 100 barrels of West Texas Intermediate crude oil. Commodities trade almost 24/5, have overnight financing and do not expire.

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What commodity CFDs does Global Prime offer?

Gold, silver, WTI crude, Brent crude, platinum, palladium, copper, natural gas, cotton, corn, coffee, sugar, orange juice, soybean, wheat.

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Where are Global Prime's commodity CFD prices derived from?

Pricing of Energies - Our Energy CFDs are continuous pricing, i.e. non-expiring products that aim to deliver a fair value estimation of the spot energy price, based on a weighted average (according to time of expiry) of the front month and back month futures contracts.

Pricing of Copper and Soft Commodities such as Cotton, Corn, Coffee, etc., (anything grown instead of mined) represent an average of the listed futures contract, e.g. the spot price for USDX in August would encompass the value of the futures contract which expires in September as well as the contract that expires in December.

Are Global Prime's Commodity CFDs deliverable?

No. All commodity trading is available only as a CFD, that is a non-deliverable, cash settled product.

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What is the difference between WTI and UK Oil?

WTI is the spot energy product that follows the West Texas Intermediate blend. Colloquially, WTI crude refers to the price of the New York Mercantile Exchange WTI crude oils futures contract.

UK oil or Brent Crude oil generally refers to the price of the ICE Brent Crude Oil futures contract.

Does the commodity CFD pricing follow the price of the futures market exclusively?

No, our Energy CFDs are continuous pricing, i.e. non-expiring products that aim to deliver a fair value estimation of the spot energy price, based on a weighted average (according to time of expiry) of the front month and back month futures contracts.

Calculation of weighted average

Calculation: (price of contract 'a' X days remaining in the contract) + (price of contract 'b' X days remaining in the contract) / total days. Liquidity providers also consider variables like liquidity and volatility of underlying markets and adjust prices accordingly.

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Trading derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Past performance of any product described on this website is not a reliable indication of future performance. You should consider whether you’re part of our target market by reviewing our Target Market Determination, and read our PDS and other legal documents  to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary. Global Prime is not able to take clients from Afghanistan, Congo, Iran, Iraq, Myanmar, New Zealand, North Korea, Palestine, Russia, Somalia, Sudan, Syria, Ukraine, Ontario, Yemen, Japan or the United States or its territories. The information on this website is not intended to be an inducement, offer or solicitation to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated in Australia under Australian Financial Services License No. 385620.

© Copyright year FMGP Trading Group Pty Ltd Level 10, 627 Chapel St, South Yarra 3141 Australia. All trademarks, service marks, trade names, trade dress, product names and logos appearing on the site are the property of their respective owners.
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